0001752724-21-283248.txt : 20211228 0001752724-21-283248.hdr.sgml : 20211228 20211228101749 ACCESSION NUMBER: 0001752724-21-283248 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20211031 FILED AS OF DATE: 20211228 PERIOD START: 20220731 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLACKROCK MUNIYIELD MICHIGAN QUALITY FUND, INC. CENTRAL INDEX KEY: 0000890393 IRS NUMBER: 223196060 STATE OF INCORPORATION: NJ FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-07080 FILM NUMBER: 211522758 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809-3700 BUSINESS PHONE: (800) 882-0052 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809-3700 FORMER COMPANY: FORMER CONFORMED NAME: BLACKROCK MUNIYIELD MICHIGAN INSURED FUND, INC. DATE OF NAME CHANGE: 20070611 FORMER COMPANY: FORMER CONFORMED NAME: MUNIYIELD MICHIGAN INSURED FUND INC DATE OF NAME CHANGE: 20020620 FORMER COMPANY: FORMER CONFORMED NAME: MUNIYIELD MICHIGAN INSURED FUND II INC DATE OF NAME CHANGE: 20020620 NPORT-P 1 primary_doc.xml NPORT-P false 0000890393 XXXXXXXX BlackRock MuniYield Michigan Quality Fund, Inc. 811-07080 0000890393 J3H1DOS8Q2FL9RVLS329 100 Bellevue Parkway Wilmington 19809 800-441-7762 BlackRock MuniYield Michigan Quality Fund, Inc. J3H1DOS8Q2FL9RVLS329 2022-07-31 2021-10-31 N 743932595.75 285420059.28 458512536.47 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 41271678.05000000 0.00000000 0.00000000 0.00000000 9898638.65000000 0.00000000 231900000.00000000 0.00000000 USD N State of Michigan N/A MICHIGAN ST COPS 594622AX0 3000000.00000000 PA USD 2995707.00000000 0.653353346249 Long DBT MUN US N 2 2022-06-01 None 0.00000000 N N N N N N Kalamazoo Economic Development Corp N/A KALAMAZOO MI ECON DEV CORP 483228DU3 865000.00000000 PA USD 956296.43000000 0.208564947288 Long DBT MUN US N 2 2032-05-15 Fixed 5.00000000 N N N N N N Western Michigan University N/A WSTRN MI UNIV 958638TW8 8475000.00000000 PA USD 9325466.25000000 2.033851968758 Long DBT MUN US N 2 2043-11-15 Fixed 5.25000000 N N N N N N Michigan Finance Authority 54930022O46HOX5J1D14 MICHIGAN ST FIN AUTH REVENUE 59447TBT9 4945000.00000000 PA USD 5667934.28000000 1.236156883219 Long DBT MUN US N 2 2035-05-15 Fixed 5.00000000 N N N N N N Puerto Rico Sales Tax Financing Corp Sales Tax Revenue N/A PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE 74529JQL2 616000.00000000 PA USD 682888.98000000 0.148935727092 Long DBT MUN US N 2 2053-07-01 Fixed 4.75000000 N N N N N N Michigan State Housing Development Authority 549300NSWW1HVXE93T03 MICHIGAN ST HSG DEV AUTH RENTAL HSG REVENUE 59465MM28 1000000.00000000 PA USD 1042065.00000000 0.227270776067 Long DBT MUN US N 2 2034-10-01 Fixed 4.45000000 N N N N N N Michigan Strategic Fund N/A MICHIGAN ST STRATEGIC FUND LTD OBLG REVENUE 594698MQ2 3000000.00000000 PA USD 3476271.00000000 0.758162694255 Long DBT MUN US N 2 2040-10-15 Fixed 5.25000000 N N N N N N Michigan State Building Authority N/A MICHIGAN ST BLDG AUTH REVENUE 594615JY3 6250000.00000000 PA USD 7314725.00000000 1.595316249434 Long DBT MUN US N 2 2046-10-15 Fixed 4.00000000 N N N N N N Michigan Finance Authority 54930022O46HOX5J1D14 MICHIGAN ST FIN AUTH REVENUE 59447TYF4 290000.00000000 PA USD 346606.26000000 0.075593627748 Long DBT MUN US N 2 2045-12-01 Fixed 5.00000000 N N N N N N Mona Shores Public Schools N/A MONA SHORES MI PUBLIC SCHS 608804CP3 1000000.00000000 PA USD 1231311.00000000 0.268544674804 Long DBT MUN US N 2 2042-05-01 Fixed 5.00000000 N N N N N N City of Detroit MI Sewage Disposal System Revenue N/A DETROIT MI WTR & SEWERAGE DEPT SEWERAGE DISP SYS REVENUE 251250AR7 2655000.00000000 PA USD 2743785.86000000 0.598410216026 Long DBT MUN US N 2 2039-07-01 Fixed 5.25000000 N N N N N N Michigan Finance Authority 54930022O46HOX5J1D14 MICHIGAN ST FIN AUTH REVENUE 59447TMQ3 8500000.00000000 PA USD 9308078.00000000 2.030059651511 Long DBT MUN US N 2 2046-11-15 Fixed 4.00000000 N N N N N N Oakland University 549300O12XLW6O082V10 OAKLAND UNIV MI REVENUE 673588HE2 3635000.00000000 PA USD 4238366.38000000 0.924373063521 Long DBT MUN US N 2 2041-03-01 Fixed 5.00000000 N N N N N N Grand Traverse County Hospital Finance Authority N/A GRAND TRAVERSE CNTY MI HOSP FIN AUTH 386523GX6 2610000.00000000 PA USD 3145637.25000000 0.686052615751 Long DBT MUN US N 2 2049-07-01 Fixed 5.00000000 N N N N N N Monroe County Economic Development Corp N/A MONROE CNTY MI ECON DEV CORP 610647BL2 14500000.00000000 PA USD 15296253.00000000 3.336059929301 Long DBT MUN US N 2 2022-09-01 Fixed 6.95000000 N N N N N N Michigan State Hospital Finance Authority 54930011MIBQ2P7ZNM19 MICHIGAN ST HOSP FIN AUTH 59465HRP3 2250000.00000000 PA USD 2310286.50000000 0.503865503392 Long DBT MUN US N 2 2035-06-01 Fixed 5.00000000 N N N N N N Walled Lake Consolidated School District N/A WALLED LAKE MI CONSOL SCH DIST 932423SW7 2630000.00000000 PA USD 2876054.91000000 0.627257638829 Long DBT MUN US N 2 2040-05-01 Fixed 5.00000000 N N N N N N Kentwood Economic Development Corp N/A KENTWOOD MI ECON DEV CORP 491740EY8 2335000.00000000 PA USD 2692383.43000000 0.587199523644 Long DBT MUN US N 2 2041-11-15 Fixed 5.00000000 N N N N N N Michigan Finance Authority 54930022O46HOX5J1D14 MICHIGAN ST FIN AUTH REVENUE 59447TFY4 750000.00000000 PA USD 861090.00000000 0.187800753852 Long DBT MUN US N 2 2035-07-01 Fixed 5.00000000 N N N N N N Royal Oak Hospital Finance Authority N/A ROYAL OAK MI HOSP FIN AUTH 780486HD1 27365000.00000000 PA USD 30029475.32000000 6.549324812619 Long DBT MUN US N 2 2039-09-01 Fixed 5.00000000 N N N N N N Michigan Finance Authority 54930022O46HOX5J1D14 MICHIGAN ST FIN AUTH REVENUE 59447TSM6 4000000.00000000 PA USD 4866400.00000000 1.061345026128 Long DBT MUN US N 2 2043-11-01 Fixed 5.00000000 N N N N N N Wayne County Airport Authority N/A WAYNE CNTY MI ARPT AUTH REVENUE 944514RR1 1475000.00000000 PA USD 1653236.05000000 0.360565070418 Long DBT MUN US N 2 2039-12-01 Fixed 5.00000000 N N N N N N Jackson Public Schools/MI N/A JACKSON MI PUBLIC SCHS 468312HS5 4000000.00000000 PA USD 4821800.00000000 1.051617920225 Long DBT MUN US N 2 2042-05-01 Fixed 5.00000000 N N N N N N Columbia School District/MI N/A COLUMBIA MI SCH DIST 197810EA8 5185000.00000000 PA USD 5670093.05000000 1.236627703498 Long DBT MUN US N 2 2038-05-01 Fixed 5.00000000 N N N N N N Michigan Strategic Fund N/A MICHIGAN ST STRATEGIC FUND LTD OBLG REVENUE 594698QS4 14000000.00000000 PA USD 16389562.00000000 3.574506844715 Long DBT MUN US N 2 2038-12-31 Fixed 4.25000000 N N N N N N Farmington Public School District N/A FARMINGTON MI PUBLIC SCH DIST 311261TB7 1500000.00000000 PA USD 1724028.00000000 0.376004550120 Long DBT MUN US N 2 2033-05-01 Fixed 5.00000000 N N N N N N Michigan State Housing Development Authority 549300NSWW1HVXE93T03 MICHIGAN ST HSG DEV AUTH RENTAL HSG REVENUE 59465MM36 3490000.00000000 PA USD 3621566.02000000 0.789851036109 Long DBT MUN US N 2 2039-10-01 Fixed 4.63000000 N N N N N N Portage Public Schools N/A PORTAGE MI PUBLIC SCHS 735779PA2 3940000.00000000 PA USD 4630488.94000000 1.009893639037 Long DBT MUN US N 2 2044-11-01 Fixed 4.00000000 N N N N N N Grand Traverse County Hospital Finance Authority N/A GRAND TRAVERSE CNTY MI HOSP FIN AUTH 386523JD7 2135000.00000000 PA USD 2804958.73000000 0.611751807615 Long DBT MUN US N 2 2032-07-01 Fixed 5.00000000 N N N N N N Zeeland Public Schools N/A ZEELAND MI PUBLIC SCHS 989258MU9 1000000.00000000 PA USD 1144215.00000000 0.249549338129 Long DBT MUN US N 2 2033-05-01 Fixed 5.00000000 N N N N N N Grand Traverse County Hospital Finance Authority N/A GRAND TRAVERSE CNTY MI HOSP FIN AUTH 386523JE5 1125000.00000000 PA USD 1465557.75000000 0.319633081634 Long DBT MUN US N 2 2033-07-01 Fixed 5.00000000 N N N N N N Michigan Finance Authority 54930022O46HOX5J1D14 MICHIGAN ST FIN AUTH REVENUE 59447PQ20 5900000.00000000 PA USD 6091230.80000000 1.328476391702 Long DBT MUN US N 2 2029-11-01 Fixed 4.00000000 N N N N N N Puerto Rico Sales Tax Financing Corp Sales Tax Revenue N/A PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE 74529JRH0 1109000.00000000 PA USD 1216129.40000000 0.265233620298 Long DBT MUN US N 2 2040-07-01 Fixed 4.33000000 N N N N N N Michigan Finance Authority 54930022O46HOX5J1D14 MICHIGAN ST FIN AUTH REVENUE 59447PLH2 4000000.00000000 PA USD 4183116.00000000 0.912323146539 Long DBT MUN US N 2 2032-11-01 Fixed 5.00000000 N N N N N N Farmington Public School District N/A FARMINGTON MI PUBLIC SCH DIST 311261TD3 1000000.00000000 PA USD 1146994.00000000 0.250155428427 Long DBT MUN US N 2 2035-05-01 Fixed 5.00000000 N N N N N N Puerto Rico Sales Tax Financing Corp Sales Tax Revenue N/A PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE 74529JPW9 534000.00000000 PA USD 593966.06000000 0.129541945477 Long DBT MUN US N 2 2053-07-01 Fixed 4.75000000 N N N N N N Hudsonville Public Schools N/A HUDSONVILLE MI PUBLIC SCHS 444240UA1 1950000.00000000 PA USD 2239407.30000000 0.488406994766 Long DBT MUN US N 2 2044-05-01 Fixed 4.00000000 N N N N N N Puerto Rico Sales Tax Financing Corp Sales Tax Revenue N/A PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE 74529JPX7 825000.00000000 PA USD 931392.00000000 0.203133377152 Long DBT MUN US N 2 2058-07-01 Fixed 5.00000000 N N N N N N City of Detroit MI Water Supply System Revenue N/A DETROIT MI WTR SPLY SYS REVENUE 251256CJ0 10000.00000000 PA USD 10034.50000000 0.002188489779 Long DBT MUN US N 2 2034-07-01 Fixed 5.00000000 N N N N N N Michigan Finance Authority 54930022O46HOX5J1D14 MICHIGAN ST FIN AUTH REVENUE 59447TL68 1250000.00000000 PA USD 1466892.50000000 0.319924185997 Long DBT MUN US N 2 2040-06-01 Fixed 4.00000000 N N N N N N Michigan Technological University N/A MICHIGAN ST TECH UNIV REVENUES 594746PS2 1400000.00000000 PA USD 1814782.20000000 0.395797727576 Long DBT MUN US N 2 2034-10-01 Fixed 5.00000000 N N N N N N Western Michigan University N/A WSTRN MI UNIV 958638WP9 8680000.00000000 PA USD 10657416.84000000 2.324345790422 Long DBT MUN US N 2 2049-11-15 Fixed 5.00000000 N N N N N N Michigan Finance Authority 54930022O46HOX5J1D14 MICHIGAN ST FIN AUTH LTD OBLIG REVENUE 594479CV7 2900000.00000000 PA USD 3073164.80000000 0.670246624805 Long DBT MUN US N 2 2040-12-01 Fixed 5.00000000 N N N N N N Michigan Finance Authority 54930022O46HOX5J1D14 MICHIGAN ST FIN AUTH REVENUE 59447TCT8 3750000.00000000 PA USD 4151992.50000000 0.905535218723 Long DBT MUN US N 2 2045-11-15 Fixed 5.00000000 N N N N N N Eastern Michigan University 549300K3C21R17LKDU63 ESTRN MICHIGAN UNIV REVENUES EASHGR 03/44 FIXED 4 276731ZX7 10000000.00000000 PA USD 11308015.00000000 2.466239001240 Long DBT MUN US N 2 2044-03-01 Fixed 4.00000000 N N N N N N State of Michigan Trunk Line Revenue N/A MICHIGAN ST TRUNK LINE 5946953A4 11000000.00000000 PA USD 12861706.00000000 2.805093640191 Long DBT MUN US N 2 2046-11-15 Fixed 4.00000000 N N N N N N Hudsonville Public Schools N/A HUDSONVILLE MI PUBLIC SCHS 444240UB9 2040000.00000000 PA USD 2339739.24000000 0.510289044224 Long DBT MUN US N 2 2045-05-01 Fixed 4.00000000 N N N N N N Walled Lake Consolidated School District N/A WALLED LAKE MI CONSOL SCH DIST 932423SX5 1530000.00000000 PA USD 1673142.21000000 0.364906535136 Long DBT MUN US N 2 2043-05-01 Fixed 5.00000000 N N N N N N Michigan Finance Authority 54930022O46HOX5J1D14 MICHIGAN ST FIN AUTH REVENUE 59447TSL8 2500000.00000000 PA USD 3055890.00000000 0.666479050611 Long DBT MUN US N 2 2038-11-01 Fixed 5.00000000 N N N N N N Wayne County Airport Authority N/A WAYNE CNTY MI ARPT AUTH REVENUE 944514WC8 1000000.00000000 PA USD 1207008.00000000 0.263244274473 Long DBT MUN US N 2 2042-12-01 Fixed 5.00000000 N N N N N N University of Michigan N/A UNIV OF MICHIGAN MI 914455NR7 3425000.00000000 PA USD 3777634.58000000 0.823889049813 Long DBT MUN US N 2 2039-04-01 Fixed 5.00000000 N N N N N N Michigan Finance Authority 54930022O46HOX5J1D14 MICHIGAN ST FIN AUTH REVENUE 59447PZQ7 3000000.00000000 PA USD 3333126.00000000 0.726943264334 Long DBT MUN US N 2 2033-07-01 Fixed 5.00000000 N N N N N N Gull Lake Community School District N/A GULL LAKE MI CMNTY SCH DIST 402748MB0 4000000.00000000 PA USD 4832476.00000000 1.053946318939 Long DBT MUN US N 2 2045-05-01 Fixed 5.00000000 N N N N N N Wayne County Airport Authority N/A WAYNE CNTY MI ARPT AUTH REVENUE 944514SX7 7500000.00000000 PA USD 8608695.00000000 1.877526635645 Long DBT MUN US N 2 2045-12-01 Fixed 5.00000000 N N N N N N Michigan Finance Authority 54930022O46HOX5J1D14 MICHIGAN ST FIN AUTH REVENUE 59447PFY2 5000000.00000000 PA USD 5019360.00000000 1.094705073637 Long DBT MUN US N 2 2031-12-01 Fixed 5.00000000 N N N N N N Mona Shores Public Schools N/A MONA SHORES MI PUBLIC SCHS 608804CR9 1525000.00000000 PA USD 1875152.20000000 0.408964215992 Long DBT MUN US N 2 2044-05-01 Fixed 5.00000000 N N N N N N West Ottawa Public Schools N/A WEST OTTAWA MI PUBLIC SCH DIST 955023VW3 800000.00000000 PA USD 949552.80000000 0.207094184885 Long DBT MUN US N 2 2040-11-01 Fixed 4.00000000 N N N N N N Michigan Technological University N/A MICHIGAN ST TECH UNIV REVENUES 594746PP8 1080000.00000000 PA USD 1426339.80000000 0.311079782241 Long DBT MUN US N 2 2031-10-01 Fixed 5.00000000 N N N N N N Michigan Finance Authority 54930022O46HOX5J1D14 MICHIGAN ST FIN AUTH REVENUE 59447TBR3 2000000.00000000 PA USD 2296632.00000000 0.500887504119 Long DBT MUN US N 2 2033-05-15 Fixed 5.00000000 N N N N N N Gibraltar School District/MI N/A GIBRALTAR MI SCH DIST 374730PK9 750000.00000000 PA USD 911781.75000000 0.198856449382 Long DBT MUN US N 2 2036-05-01 Fixed 5.00000000 N N N N N N Michigan Finance Authority 54930022O46HOX5J1D14 MICHIGAN ST FIN AUTH REVENUE 59447PZN4 1000000.00000000 PA USD 1112724.00000000 0.242681259833 Long DBT MUN US N 2 2031-07-01 Fixed 5.00000000 N N N N N N Michigan Finance Authority 54930022O46HOX5J1D14 MICHIGAN ST FIN AUTH REVENUE 59447PZP9 5250000.00000000 PA USD 5837658.75000000 1.273173203712 Long DBT MUN US N 2 2032-07-01 Fixed 5.00000000 N N N N N N Puerto Rico Sales Tax Financing Corp Sales Tax Revenue N/A PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE 74529JRL1 103000.00000000 PA USD 114763.63000000 0.025029551183 Long DBT MUN US N 2 2058-07-01 Fixed 4.78000000 N N N N N N Farmington Public School District N/A FARMINGTON MI PUBLIC SCH DIST 311261TC5 1500000.00000000 PA USD 1722141.00000000 0.375593001940 Long DBT MUN US N 2 2034-05-01 Fixed 5.00000000 N N N N N N Downriver Utility Wastewater Authority N/A DOWNRIVER UTILITY WSTWTR AUTH 26111PAU9 1000000.00000000 PA USD 1185034.00000000 0.258451820995 Long DBT MUN US N 2 2043-04-01 Fixed 5.00000000 N N N N N N Michigan Finance Authority 54930022O46HOX5J1D14 MICHIGAN ST FIN AUTH REVENUE 59447PL74 5400000.00000000 PA USD 6038280.00000000 1.316928005172 Long DBT MUN US N 2 2039-10-01 Fixed 5.00000000 N N N N N N City of Port Huron MI Water Supply System Revenue N/A PORT HURON MICH WTR SUPPLY SYSREV 734447AM7 1500000.00000000 PA USD 1505737.50000000 0.328396146284 Long DBT MUN US N 2 2040-10-01 Fixed 5.63000000 N N N N N N Michigan Finance Authority N/A Michigan Finance Authority 59447PP96 8749999.22000000 PA USD 9035089.14000000 1.970521724347 Long DBT MUN US N 2 2028-11-01 Fixed 4.00000000 N N N N N N Michigan Finance Authority 54930022O46HOX5J1D14 MICHIGAN ST FIN AUTH REVENUE 59447TAU7 1500000.00000000 PA USD 1720809.00000000 0.375302497342 Long DBT MUN US N 2 2034-05-15 Fixed 5.00000000 N N N N N N Dearborn School District N/A DEARBORN MI SCH DIST 242595SW7 1200000.00000000 PA USD 1304060.40000000 0.284411067588 Long DBT MUN US N 2 2034-05-01 Fixed 5.00000000 N N N N N N Wayne County Airport Authority N/A WAYNE CNTY MI ARPT AUTH REVENUE 944514XQ6 1250000.00000000 PA USD 1480976.25000000 0.322995803212 Long DBT MUN US N 2 2047-12-01 Fixed 5.00000000 N N N N N N Michigan Finance Authority 54930022O46HOX5J1D14 MICHIGAN ST FIN AUTH REVENUE 59447TMN0 1000000.00000000 PA USD 1169173.00000000 0.254992591696 Long DBT MUN US N 2 2041-11-15 Fixed 5.00000000 N N N N N N Michigan Finance Authority 54930022O46HOX5J1D14 MICHIGAN ST FIN AUTH REVENUE 59447TM26 50000000.00000000 PA USD 6343450.00000000 1.383484527781 Long DBT MUN US N 2 2065-06-01 None 0.00000000 N N N N N N Lake Superior State University N/A LAKE SUPERIOR MI ST UNIV 511002FN2 3750000.00000000 PA USD 4417608.75000000 0.963465205119 Long DBT MUN US N 2 2048-01-15 Fixed 5.00000000 N N N N N N Kentwood Public Schools N/A KENTWOOD MI PUBLIC SCHS 491746RT2 1815000.00000000 PA USD 2119558.82000000 0.462268455366 Long DBT MUN US N 2 2044-05-01 Fixed 5.00000000 N N N N N N Swartz Creek Community Schools N/A SWARTZ CREEK MI CMNTY SCHS 870040BZ4 4270000.00000000 PA USD 5224127.23000000 1.139364099010 Long DBT MUN US N 2 2044-05-01 Fixed 5.00000000 N N N N N N Michigan State Building Authority N/A Michigan State Building Authority 594615BU9 5150000.00000000 PA USD 5908025.93000000 1.288520042545 Long DBT MUN US N 2 2045-10-15 Fixed 5.00000000 N N N N N N West Ottawa Public Schools N/A WEST OTTAWA MI PUBLIC SCH DIST 955023VY9 1725000.00000000 PA USD 2023680.30000000 0.441357681423 Long DBT MUN US N 2 2046-11-01 Fixed 4.00000000 N N N N N N Puerto Rico Sales Tax Financing Corp Sales Tax Revenue N/A PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE 74529JQM0 7451000.00000000 PA USD 8392553.07000000 1.830386827503 Long DBT MUN US N 2 2058-07-01 Fixed 5.00000000 N N N N N N Kentwood Economic Development Corp N/A KENTWOOD MI ECON DEV CORP 491740EZ5 750000.00000000 PA USD 824127.75000000 0.179739414835 Long DBT MUN US N 2 2045-11-15 Fixed 4.00000000 N N N N N N Michigan Finance Authority 54930022O46HOX5J1D14 MICHIGAN ST FIN AUTH REVENUE 59447PQ46 3150000.00000000 PA USD 3250897.65000000 0.709009545306 Long DBT MUN US N 2 2031-11-01 Fixed 4.00000000 N N N N N N Michigan State Housing Development Authority 549300NSWW1HVXE93T03 MICHIGAN ST HSG DEV AUTH RENTAL HSG REVENUE 59465M4L6 7420000.00000000 PA USD 8061637.08000000 1.758215193430 Long DBT MUN US N 2 2043-10-01 Fixed 4.00000000 N N N N N N Wayne County Airport Authority N/A WAYNE CNTY MI ARPT AUTH REVENUE 944514SV1 3850000.00000000 PA USD 4480918.75000000 0.977272897377 Long DBT MUN US N 2 2035-12-01 Fixed 5.00000000 N N N N N N Dowagiac Union School District N/A DOWAGIAC MI SCH DIST 260633FZ0 1140000.00000000 PA USD 1325726.52000000 0.289136373501 Long DBT MUN US N 2 2041-05-01 Fixed 5.00000000 N N N N N N Grandville Public Schools N/A GRANDVILLE MI PUBLIC SCH DIST 386892RN5 910000.00000000 PA USD 1057949.62000000 0.230735156806 Long DBT MUN US N 2 2038-05-01 Fixed 4.00000000 N N N N N N Oakland University 549300O12XLW6O082V10 OAKLAND UNIV MI REVENUE 673588EA3 400000.00000000 PA USD 406168.00000000 0.088583837451 Long DBT MUN US N 2 2032-03-01 Fixed 5.00000000 N N N N N N Oakland University 549300O12XLW6O082V10 OAKLAND UNIV MI REVENUE 673588FL8 5490000.00000000 PA USD 5813706.87000000 1.267949381440 Long DBT MUN US N 2 2038-03-01 Fixed 5.00000000 N N N N N N Lansing Board of Water & Light N/A Lansing Board of Water & Light 516391DC0 9999997.35000000 PA USD 12372913.53000000 2.698489691308 Long DBT MUN US N 2 2044-07-01 Fixed 5.00000000 N N N N N N Battle Creek School District/MI N/A BATTLE CREEK MI SCH DIST 071446BT4 1170000.00000000 PA USD 1369590.30000000 0.298702912366 Long DBT MUN US N 2 2037-05-01 Fixed 5.00000000 N N N N N N City of Grand Rapids MI Sanitary Sewer System Revenue N/A GRAND RAPIDS MI SANTN SWR SYS REVENUE 386289CK6 280000.00000000 PA USD 282401.56000000 0.061590804511 Long DBT MUN US N 2 2022-01-01 Fixed 5.50000000 N N N N N N Michigan Strategic Fund N/A MICHIGAN ST STRATEGIC FUND LTD OBLG REVENUE 594698QT2 15000000.00000000 PA USD 17740260.00000000 3.869089411726 Long DBT MUN US N 2 2043-12-31 Fixed 5.00000000 N N N N N N Michigan Finance Authority 54930022O46HOX5J1D14 MICHIGAN ST FIN AUTH REVENUE 59447TFX6 2000000.00000000 PA USD 2298174.00000000 0.501223808991 Long DBT MUN US N 2 2034-07-01 Fixed 5.00000000 N N N N N N Michigan State Housing Development Authority 549300NSWW1HVXE93T03 MICHIGAN ST HSG DEV AUTH LTD OBLG MFH REVENUE 594600AJ7 2850000.00000000 PA USD 2853086.55000000 0.622248318871 Long DBT MUN US N 2 2037-04-20 Fixed 4.75000000 N N N N N N Michigan Technological University N/A MICHIGAN ST TECH UNIV REVENUES 594746PR4 1325000.00000000 PA USD 1728180.28000000 0.376910148041 Long DBT MUN US N 2 2033-10-01 Fixed 5.00000000 N N N N N N Mona Shores Public Schools N/A MONA SHORES MI PUBLIC SCHS 608804CQ1 1025000.00000000 PA USD 1261335.28000000 0.275092866535 Long DBT MUN US N 2 2043-05-01 Fixed 5.00000000 N N N N N N Michigan Finance Authority 54930022O46HOX5J1D14 MICHIGAN ST FIN AUTH LTD OBLIG REVENUE 594479CX3 1720000.00000000 PA USD 1823402.96000000 0.397677885546 Long DBT MUN US N 2 2033-12-01 Fixed 4.00000000 N N N N N N Michigan Finance Authority 54930022O46HOX5J1D14 MICHIGAN ST FIN AUTH REVENUE 59447PFZ9 6500000.00000000 PA USD 6525168.00000000 1.423116595728 Long DBT MUN US N 2 2035-12-01 Fixed 5.00000000 N N N N N N Zeeland Public Schools N/A ZEELAND MI PUBLIC SCHS 989258MW5 1000000.00000000 PA USD 1156190.00000000 0.252161044254 Long DBT MUN US N 2 2035-05-01 Fixed 5.00000000 N N N N N N State of Michigan Trunk Line Revenue N/A MICHIGAN ST TRUNK LINE 5946952Z0 1910000.00000000 PA USD 2249813.83000000 0.490676623003 Long DBT MUN US N 2 2044-11-15 Fixed 4.00000000 N N N N N N Fraser Public School District N/A FRASER MI PUBLIC SCHS DIST 355514NT3 2000000.00000000 PA USD 2363404.00000000 0.515450246616 Long DBT MUN US N 2 2043-05-01 Fixed 5.00000000 N N N N N N Grand Traverse County Hospital Finance Authority N/A GRAND TRAVERSE CNTY MI HOSP FIN AUTH 386523EH3 2200000.00000000 PA USD 2430128.80000000 0.530002694955 Long DBT MUN US N 2 2047-07-01 Fixed 5.00000000 N N N N N N Mattawan Consolidated School District/MI N/A MATTAWAN MI CONSOL SCH DIST 577056JG0 3375000.00000000 PA USD 3902141.25000000 0.851043524358 Long DBT MUN US N 2 2039-05-01 Fixed 5.00000000 N N N N N N West Ottawa Public Schools N/A WEST OTTAWA MI PUBLIC SCH DIST 955023VX1 845000.00000000 PA USD 1002938.11000000 0.218737336545 Long DBT MUN US N 2 2041-11-01 Fixed 4.00000000 N N N N N N Western Michigan University N/A WSTRN MI UNIV 958638TX6 1750000.00000000 PA USD 1916738.25000000 0.418033989813 Long DBT MUN US N 2 2039-11-15 Fixed 5.00000000 N N N N N N Michigan Finance Authority 54930022O46HOX5J1D14 MICHIGAN ST FIN AUTH LTD OBLIG REVENUE 594479EM5 700000.00000000 PA USD 761667.20000000 0.166116984687 Long DBT MUN US N 2 2029-02-01 Fixed 4.00000000 N N N N N N Byron Center Public Schools N/A BYRON CENTER MI PUBLIC SCHS 124511MR4 4475000.00000000 PA USD 5290465.83000000 1.153832318464 Long DBT MUN US N 2 2043-05-01 Fixed 5.00000000 N N N N N N Grand Valley State University 5493004492FRREYG5M95 GRAND VLY MI ST UNIV REVENUE 386545MT1 1600000.00000000 PA USD 1932192.00000000 0.421404399294 Long DBT MUN US N 2 2043-12-01 Fixed 5.00000000 N N N N N N Michigan State Housing Development Authority 549300NSWW1HVXE93T03 MICHIGAN ST HSG DEV AUTH RENTAL HSG REVENUE 59465PAX6 5000000.00000000 PA USD 4838115.00000000 1.055176165355 Long DBT MUN US N 2 2046-10-01 Fixed 2.45000000 N N N N N N Wayne State University 549300GWQMQVAS66E613 Wayne State University 946303ZT4 8529998.49000000 PA USD 10505267.77000000 2.291162603944 Long DBT MUN US N 2 2043-11-15 Fixed 5.00000000 N N N N N N Michigan Finance Authority 54930022O46HOX5J1D14 Michigan Finance Authority 59447THF3 10002060.00000000 PA USD 11490220.00000000 2.505977282204 Long DBT MUN US N 2 2044-11-01 Fixed 5.00000000 N N N N N N Michigan Finance Authority 54930022O46HOX5J1D14 MICHIGAN ST FIN AUTH REVENUE 59447PGV7 1000000.00000000 PA USD 1003516.00000000 0.218863372357 Long DBT MUN US N 2 2031-04-01 Fixed 5.00000000 N N N N N N Michigan Finance Authority 54930022O46HOX5J1D14 MICHIGAN ST FIN AUTH REVENUE 59447THE6 1025000.00000000 PA USD 1116157.35000000 0.243430061605 Long DBT MUN US N 2 2046-11-01 Fixed 4.00000000 N N N N N N Michigan Finance Authority 54930022O46HOX5J1D14 MICHIGAN ST FIN AUTH REVENUE 59447TAS2 1000000.00000000 PA USD 1149452.00000000 0.250691509734 Long DBT MUN US N 2 2032-05-15 Fixed 5.00000000 N N N N N N Michigan Finance Authority 54930022O46HOX5J1D14 MICHIGAN ST FIN AUTH LTD OBLIG REVENUE 594479CY1 1550000.00000000 PA USD 1673263.75000000 0.364933042590 Long DBT MUN US N 2 2036-12-01 Fixed 5.00000000 N N N N N N Michigan State University N/A MICHIGAN ST UNIV REVENUES 594712SS1 10000000.00000000 PA USD 10772680.00000000 2.349484287373 Long DBT MUN US N 2 2038-08-15 Fixed 5.00000000 N N N N N N Michigan Finance Authority 54930022O46HOX5J1D14 MICHIGAN ST FIN AUTH REVENUE 59447TMR1 3000000.00000000 PA USD 3567231.00000000 0.778000755980 Long DBT MUN US N 2 2037-11-15 Fixed 5.00000000 N N N N N N Grandville Public Schools N/A GRANDVILLE MI PUBLIC SCH DIST 386892QJ5 3250000.00000000 PA USD 3689445.50000000 0.804655316167 Long DBT MUN US N 2 2040-05-01 Fixed 5.00000000 N N N N N N Michigan Technological University N/A MICHIGAN ST TECH UNIV REVENUES 594746PQ6 1250000.00000000 PA USD 1645698.75000000 0.358921211330 Long DBT MUN US N 2 2032-10-01 Fixed 5.00000000 N N N N N N County of Saginaw MI N/A SAGINAW CNTY MI 7867025R7 2000000.00000000 PA USD 2263900.00000000 0.493748768011 Long DBT MUN US N 2 2042-11-01 Fixed 4.00000000 N N N N N N Dearborn School District N/A DEARBORN MI SCH DIST 242595SM9 1600000.00000000 PA USD 1739774.40000000 0.379438785555 Long DBT MUN US N 2 2033-05-01 Fixed 5.00000000 N N N N N N West Ottawa Public Schools N/A WEST OTTAWA MI PUBLIC SCH DIST 955023VV5 1105000.00000000 PA USD 1311437.21000000 0.286019924361 Long DBT MUN US N 2 2039-11-01 Fixed 4.00000000 N N N N N N Puerto Rico Sales Tax Financing Corp Sales Tax Revenue N/A PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE 74529JRP2 597000.00000000 PA USD 664678.91000000 0.144964173742 Long DBT MUN US N 2 2058-07-01 Fixed 4.78000000 N N N N N N University of Michigan N/A University of Michigan 914455QB9 10000000.84000000 PA USD 11683788.97000000 2.548194005762 Long DBT MUN US N 2 2046-04-01 Fixed 5.00000000 N N N N N N Puerto Rico Sales Tax Financing Corp Sales Tax Revenue N/A PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE 74529JRM9 5880000.00000000 PA USD 6458844.84000000 1.408651743685 Long DBT MUN US N 2 2040-07-01 Fixed 4.33000000 N N N N N N Grand Traverse County Hospital Finance Authority N/A GRAND TRAVERSE CNTY MI HOSP FIN AUTH 386523JF2 1180000.00000000 PA USD 1529468.80000000 0.333571860820 Long DBT MUN US N 2 2034-07-01 Fixed 5.00000000 N N N N N N Michigan Finance Authority 54930022O46HOX5J1D14 MICHIGAN ST FIN AUTH REVENUE 59447TBS1 5000000.00000000 PA USD 5736030.00000000 1.251008324474 Long DBT MUN US N 2 2034-05-15 Fixed 5.00000000 N N N N N N Western Michigan University N/A WSTRN MI UNIV 958638TV0 1000000.00000000 PA USD 1100350.00000000 0.239982533186 Long DBT MUN US N 2 2033-11-15 Fixed 5.25000000 N N N N N N Michigan Finance Authority 54930022O46HOX5J1D14 MICHIGAN ST FIN AUTH REVENUE 59447TEG4 5170000.00000000 PA USD 5190018.24000000 1.131925046140 Long DBT MUN US N 2 2039-12-01 Fixed 5.00000000 N N N N N N Kentwood Public Schools N/A KENTWOOD MI PUBLIC SCHS 491746RS4 1120000.00000000 PA USD 1311947.84000000 0.286131291000 Long DBT MUN US N 2 2041-05-01 Fixed 5.00000000 N N N N N N Michigan Finance Authority 54930022O46HOX5J1D14 MICHIGAN ST FIN AUTH REVENUE 59447TEE9 20000.00000000 PA USD 20077.44000000 0.004378820294 Long DBT MUN US N 2 2039-12-01 Fixed 5.00000000 N N N N N N BlackRock Liquidity Funds 5493007YVNX55LTRQ706 BlackRock Liquidity Funds: MuniCash, Institutional Shares 09248U841 816005.64800000 NS USD 816087.25000000 0.177985809566 Long STIV RF US N 1 N N N Michigan Strategic Fund N/A MICHIGAN ST STRATEGIC FUND LTD OBLG REVENUE 594698SR4 445000.00000000 PA USD 494375.87000000 0.107821669131 Long DBT MUN US N 2 2061-10-01 Floating 4.00000000 N N N N N N Hudsonville Public Schools N/A HUDSONVILLE MI PUBLIC SCHS 444240TZ8 1875000.00000000 PA USD 2157380.63000000 0.470517261449 Long DBT MUN US N 2 2043-05-01 Fixed 4.00000000 N N N N N N Michigan State Housing Development Authority 549300NSWW1HVXE93T03 MICHIGAN ST HSG DEV AUTH RENTAL HSG REVENUE 59465MQ57 3320000.00000000 PA USD 3540643.88000000 0.772202196969 Long DBT MUN US N 2 2040-10-01 Fixed 4.30000000 N N N N N N Western Michigan University N/A WSTRN MI UNIV 958638WN4 5650000.00000000 PA USD 6938844.10000000 1.513337923848 Long DBT MUN US N 2 2044-11-15 Fixed 5.00000000 N N N N N N Michigan Finance Authority 54930022O46HOX5J1D14 MICHIGAN ST FIN AUTH REVENUE 59447TYG2 19445000.00000000 PA USD 22719129.66000000 4.954963682107 Long DBT MUN US N 2 2045-12-01 Fixed 5.00000000 N N N N N N East Lansing School District N/A EAST LANSING MI SCH DIST 273389KD7 1000000.00000000 PA USD 1183827.00000000 0.258188578465 Long DBT MUN US N 2 2042-05-01 Fixed 5.00000000 N N N N N N Zeeland Public Schools N/A ZEELAND MI PUBLIC SCHS 989258MV7 1000000.00000000 PA USD 1156190.00000000 0.252161044254 Long DBT MUN US N 2 2034-05-01 Fixed 5.00000000 N N N N N N Puerto Rico Sales Tax Financing Corp Sales Tax Revenue N/A PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE 74529JQG3 6295000.00000000 PA USD 2050294.09000000 0.447162057069 Long DBT MUN US N 2 2046-07-01 None 0.00000000 N N N N N N Michigan Finance Authority 54930022O46HOX5J1D14 MICHIGAN ST FIN AUTH REVENUE 59447PGW5 8595000.00000000 PA USD 8625503.66000000 1.881192546316 Long DBT MUN US N 2 2041-10-01 Fixed 5.25000000 N N N N N N Michigan Finance Authority 54930022O46HOX5J1D14 MICHIGAN ST FIN AUTH REVENUE 59447TSG9 215000.00000000 PA USD 264254.35000000 0.057632960711 Long DBT MUN US N 2 2034-11-01 Fixed 5.00000000 N N N N N N Karegnondi Water Authority N/A KAREGNONDI WTR AUTH MI 48563UBZ3 2750000.00000000 PA USD 3268358.50000000 0.712817696362 Long DBT MUN US N 2 2041-11-01 Fixed 5.00000000 N N N N N N Oakland University 549300O12XLW6O082V10 OAKLAND UNIV MI REVENUE 673588FM6 16845000.00000000 PA USD 17805434.52000000 3.883303749354 Long DBT MUN US N 2 2043-03-01 Fixed 5.00000000 N N N N N N Karegnondi Water Authority N/A KAREGNONDI WTR AUTH MI 48563UCA7 3000000.00000000 PA USD 3565503.00000000 0.777623885150 Long DBT MUN US N 2 2045-11-01 Fixed 5.00000000 N N N N N N Kalamazoo Economic Development Corp N/A KALAMAZOO MI ECON DEV CORP 483228DW9 425000.00000000 PA USD 461238.48000000 0.100594518865 Long DBT MUN US N 2 2042-05-15 Fixed 5.00000000 N N N N N N Great Lakes Water Authority Water Supply System Revenue N/A GREAT LAKES MI WTR AUTH WTR SPLY SYS REVENUE 39081JAB4 10000000.00000000 PA USD 11532030.00000000 2.515095898747 Long DBT MUN US N 2 2046-07-01 Fixed 5.00000000 N N N N N N Michigan State Housing Development Authority 549300NSWW1HVXE93T03 MICHIGAN ST HSG DEV AUTH SF MTGE REVENUE 594654EX9 1220000.00000000 PA USD 1266503.96000000 0.276220137785 Long DBT MUN US N 2 2044-12-01 Fixed 4.00000000 N N N N N N Michigan Finance Authority 54930022O46HOX5J1D14 MICHIGAN ST FIN AUTH LTD OBLIG REVENUE 594479GJ0 1750000.00000000 PA USD 1976551.50000000 0.431079052977 Long DBT MUN US N 2 2046-09-01 Fixed 4.00000000 N N N N N N Michigan Finance Authority 54930022O46HOX5J1D14 MICHIGAN ST FIN AUTH LTD OBLIG REVENUE 594479EN3 830000.00000000 PA USD 932274.26000000 0.203325795010 Long DBT MUN US N 2 2033-02-01 Fixed 5.00000000 N N N N N N Michigan Finance Authority 54930022O46HOX5J1D14 MICHIGAN ST FIN AUTH REVENUE 59447P5V9 1500000.00000000 PA USD 1678444.50000000 0.366062946265 Long DBT MUN US N 2 2039-06-01 Fixed 5.00000000 N N N N N N Wayne State University 549300GWQMQVAS66E613 WAYNE MI ST UNIV REVENUES 946303UB8 13000000.00000000 PA USD 14136928.00000000 3.083215152378 Long DBT MUN US N 2 2040-11-15 Fixed 5.00000000 N N N N N N State of Michigan Trunk Line Revenue N/A MICHIGAN ST TRUNK LINE 5946952G2 8000000.00000000 PA USD 9280976.00000000 2.024148798951 Long DBT MUN US N 2 2045-11-15 Fixed 4.00000000 N N N N N N Michigan Finance Authority 54930022O46HOX5J1D14 MICHIGAN ST FIN AUTH REVENUE 59447PQT1 2500000.00000000 PA USD 2607180.00000000 0.568616949946 Long DBT MUN US N 2 2036-11-15 Fixed 5.00000000 N N N N N N Livonia Public Schools N/A LIVONIA MI PUBLIC SCHS SCH DIST 539243ST3 5000000.00000000 PA USD 5353915.00000000 1.167670363218 Long DBT MUN US N 2 2043-05-01 Fixed 5.00000000 N N N N N N Troy School District/MI N/A TROY MI CITY SCH DIST 897404QG7 2000000.00000000 PA USD 2187114.00000000 0.477002006714 Long DBT MUN US N 2 2028-05-01 Fixed 5.00000000 N N N N N N City of Port Huron MI Water Supply System Revenue N/A PORT HURON MICH WTR SUPPLY SYSREV 734447AL9 500000.00000000 PA USD 501831.00000000 0.109447607226 Long DBT MUN US N 2 2031-10-01 Fixed 5.25000000 N N N N N N Western Michigan University N/A WSTRN MI UNIV 958638YB8 5000000.00000000 PA USD 6176125.00000000 1.346991523404 Long DBT MUN US N 2 2051-11-15 Fixed 5.00000000 N N N N N N Byron Center Public Schools N/A BYRON CENTER MI PUBLIC SCHS 124511MS2 740000.00000000 PA USD 871150.20000000 0.189994848713 Long DBT MUN US N 2 2047-05-01 Fixed 5.00000000 N N N N N N Walled Lake Consolidated School District N/A WALLED LAKE MI CONSOL SCH DIST 932423ST4 2850000.00000000 PA USD 3116637.45000000 0.679727859568 Long DBT MUN US N 2 2037-05-01 Fixed 5.00000000 N N N N N N Michigan Technological University N/A MICHIGAN ST TECH UNIV REVENUES 594746PE3 1800000.00000000 PA USD 2065235.40000000 0.450420705156 Long DBT MUN US N 2 2045-10-01 Fixed 5.00000000 N N N N N N Michigan Finance Authority 54930022O46HOX5J1D14 MICHIGAN ST FIN AUTH REVENUE 59447PQ38 2850000.00000000 PA USD 2941835.55000000 0.641604169135 Long DBT MUN US N 2 2030-11-01 Fixed 4.00000000 N N N N N N Michigan Strategic Fund N/A MICHIGAN ST STRATEGIC FUND LTD OBLG REVENUE 594698RM6 1220000.00000000 PA USD 1391699.14000000 0.303524773982 Long DBT MUN US N 2 2043-11-15 Fixed 5.00000000 N N N N N N Wayne County Airport Authority N/A WAYNE CNTY MI ARPT AUTH REVENUE 944514XP8 1000000.00000000 PA USD 1191633.00000000 0.259891040095 Long DBT MUN US N 2 2042-12-01 Fixed 5.00000000 N N N N N N Berkley School District N/A BERKLEY MI SCH DIST 084482BL1 2965000.00000000 PA USD 3377295.11000000 0.736576394617 Long DBT MUN US N 2 2035-05-01 Fixed 5.00000000 N N N N N N Michigan State University N/A Michigan State University 594712VE8 5749998.72000000 PA USD 7111328.64000000 1.550956206072 Long DBT MUN US N 2 2044-02-15 Fixed 5.00000000 N N N N N N Flint Economic Development Corp N/A FLINT MI ECON DEV CORP LTD OBLG REVENUE 339506AM9 4950000.00000000 PA USD 4967567.55000000 1.083409319240 Long DBT MUN US N 2 2041-10-01 Fixed 5.25000000 N N N N N N Michigan State Housing Development Authority 549300NSWW1HVXE93T03 MICHIGAN ST HSG DEV AUTH RENTAL HSG REVENUE 59465MM44 5000000.00000000 PA USD 5162345.00000000 1.125889608110 Long DBT MUN US N 2 2044-10-01 Fixed 4.75000000 N N N N N N Michigan State Hospital Finance Authority 54930011MIBQ2P7ZNM19 MICHIGAN ST HOSP FIN AUTH 59465HPM2 5300000.00000000 PA USD 5416716.60000000 1.181367175192 Long DBT MUN US N 2 2032-12-01 Fixed 4.00000000 N N N N N N Michigan Finance Authority 54930022O46HOX5J1D14 MICHIGAN ST FIN AUTH LTD OBLIG REVENUE 594479FV4 1000000.00000000 PA USD 1118035.00000000 0.243839570583 Long DBT MUN US N 2 2040-09-01 Fixed 5.00000000 N N N N N N Michigan Strategic Fund N/A MICHIGAN ST STRATEGIC FUND LTD OBLG REVENUE 594698KG6 7000000.00000000 PA USD 7026299.00000000 1.532411535373 Long DBT MUN US N 2 2031-10-15 Fixed 5.25000000 N N N N N N Fraser Public School District N/A FRASER MI PUBLIC SCHS DIST 355514NU0 3225000.00000000 PA USD 3795186.45000000 0.827717052017 Long DBT MUN US N 2 2047-05-01 Fixed 5.00000000 N N N N N N Grand Traverse County Hospital Finance Authority N/A GRAND TRAVERSE CNTY MI HOSP FIN AUTH 386523EG5 4230000.00000000 PA USD 4681692.09000000 1.021060869140 Long DBT MUN US N 2 2044-07-01 Fixed 5.00000000 N N N N N N Michigan Finance Authority 54930022O46HOX5J1D14 MICHIGAN ST FIN AUTH LTD OBLIG REVENUE 594479CW5 4400000.00000000 PA USD 4627189.60000000 1.009174064383 Long DBT MUN US N 2 2045-12-01 Fixed 5.00000000 N N N N N N Dearborn School District N/A DEARBORN MI SCH DIST 242595SL1 1500000.00000000 PA USD 1640335.50000000 0.357751505035 Long DBT MUN US N 2 2032-05-01 Fixed 5.00000000 N N N N N N Michigan State Building Authority N/A MICHIGAN ST BLDG AUTH REVENUE 594615FY7 4750000.00000000 PA USD 5555191.50000000 1.211568072438 Long DBT MUN US N 2 2041-04-15 Fixed 5.00000000 N N N N N N Wayne County Airport Authority N/A WAYNE CNTY MI ARPT AUTH REVENUE 944514C63 2000000.00000000 PA USD 2510198.00000000 0.547465510828 Long DBT MUN US N 2 2046-12-01 Fixed 5.00000000 N N N N N N Wayne County Airport Authority N/A WAYNE CNTY MI ARPT AUTH REVENUE 944514TL2 8000000.00000000 PA USD 9269584.00000000 2.021664243112 Long DBT MUN US N 2 2034-12-01 Fixed 5.00000000 N N N N N N Grand Traverse County Hospital Finance Authority N/A GRAND TRAVERSE CNTY MI HOSP FIN AUTH 386523HQ0 2000000.00000000 PA USD 2244946.00000000 0.489614966099 Long DBT MUN US N 2 2049-07-01 Fixed 4.00000000 N N N N N N 2021-11-30 BlackRock MuniYield Michigan Quality Fund, Inc. Ann Frechette Ann Frechette Assistant Treasurer XXXX NPORT-EX 2 NPORT_LCQV_65857428_1021.htm BlackRock MuniYield Michigan Quality Fund

Schedule of Investments  (unaudited) 

October 31, 2021

   

BlackRock MuniYield Michigan Quality Fund, Inc. (MIY)

(Percentages shown are based on Net Assets)

 

Security  

Par

            (000)

                     Value  

Municipal Bonds

    

Michigan — 136.0%

    

Corporate — 3.3%

    

Monroe County Economic Development Corp., Refunding RB, Series AA, (NPFGC), 6.95%, 09/01/22

   $ 14,500     $ 15,296,253  
   

 

 

  

County/City/Special District/School District — 25.9%

 

  

Battle Creek School District, Refunding GO, (Q-SBLF), 5.00%, 05/01/37

     1,170       1,369,591  

Berkley School District, GO, (Q-SBLF), 5.00%, 05/01/35

     2,965       3,377,295  

Byron Center Public Schools, GO

    

Series I, (Q-SBLF), 5.00%, 05/01/43

     4,475       5,290,466  

Series I, (Q-SBLF), 5.00%, 05/01/47

     740       871,150  

Columbia School District, GO, (Q-SBLF), 5.00%, 11/01/23(a)

     5,185       5,670,093  

County of Saginaw Michigan, GO,
4.00%, 11/01/42

     2,000       2,263,900  

Dearborn School District, GO

    

Series A, (Q-SBLF), 5.00%, 11/01/23(a)

     1,500       1,640,336  

Series A, (Q-SBLF), 5.00%, 05/01/33

     1,600       1,739,774  

Series A, (Q-SBLF), 5.00%, 05/01/34

     1,200       1,304,060  

Dowagiac Union School District, GO,
(Q-SBLF), 5.00%, 05/01/41

     1,140       1,325,727  

East Lansing School District, GO, Series I, (Q-SBLF), 5.00%, 05/01/42

     1,000       1,183,827  

Farmington Public School District, Refunding GO

    

(AGM), 5.00%, 05/01/33

     1,500       1,724,028  

(AGM), 5.00%, 05/01/34

     1,500       1,722,141  

(AGM), 5.00%, 05/01/35

     1,000       1,146,994  

Fraser Public School District,
Refunding GO

    

(Q-SBLF), 5.00%, 05/01/43

     2,000       2,363,404  

(Q-SBLF), 5.00%, 05/01/47

     3,225       3,795,187  

Gibraltar School District, GO, (Q-SBLF), 5.00%, 05/01/36

     750       911,782  

Grandville Public Schools, GO

    

Series I, (AGM), 4.00%, 05/01/38

     910       1,057,950  

Series II, (AGM), 5.00%, 05/01/40

     3,250       3,689,446  

Gull Lake Community School District, GO, Series I, (Q-SBLF), 5.00%, 05/01/45

     4,000       4,832,476  

Hudsonville Public Schools, GO

    

Series I, (Q-SBLF), 4.00%, 05/01/43

     1,875       2,157,381  

Series I, (Q-SBLF), 4.00%, 05/01/44

     1,950       2,239,407  

Series I, (Q-SBLF), 4.00%, 05/01/45

     2,040       2,339,739  

Jackson Public Schools, GO, (Q-SBLF), 5.00%, 05/01/42

     4,000       4,821,800  

Kentwood Public Schools, GO

    

5.00%, 05/01/41

     1,120       1,311,948  

5.00%, 05/01/44

     1,815       2,119,559  

Livonia Public Schools, GO, Series I, (AGM), 5.00%, 05/01/23(a)

     5,000       5,353,915  

Mattawan Consolidated School District, GO, Series I, (Q-SBLF), 5.00%, 05/01/25(a)

     3,375       3,902,141  

Michigan Finance Authority, RB

    

5.00%, 11/01/34

     215       264,254  

5.00%, 11/01/38

     2,500       3,055,890  

5.00%, 11/01/43

     4,000       4,866,400  

Series H-1, 5.00%, 10/01/39(a)

     5,400       6,038,280  

Mona Shores Public Schools, GO

    

Series I, (Q-SBLF), 5.00%, 05/01/42

     1,000       1,231,311  

Series I, (Q-SBLF), 5.00%, 05/01/43

     1,025       1,261,335  

Series I, (Q-SBLF), 5.00%, 05/01/44

     1,525       1,875,152  

Portage Public Schools GO, 4.00%, 11/01/44(b)

     3,940       4,630,489  
Security  

Par

            (000)

                     Value  

County/City/Special District/School District (continued)

 

  

Swartz Creek Community Schools, GO,
(Q-SBLF), 5.00%, 05/01/44

   $ 4,270     $ 5,224,127  

Troy School District, GO, (Q-SBLF), 5.00%, 11/01/23(a)

     2,000       2,187,114  

Walled Lake Consolidated School District, GO, (Q-SBLF), 5.00%, 11/01/23(a)

     7,010       7,665,835  

West Ottawa Public Schools, GO(b)

    

(AGM), 4.00%, 11/01/39

     1,105       1,311,437  

(AGM), 4.00%, 11/01/40

     800       949,553  

(AGM), 4.00%, 11/01/41

     845       1,002,938  

(AGM), 4.00%, 11/01/46

     1,725       2,023,680  

Zeeland Public Schools, GO

    

Series A, (AGM), 5.00%, 05/01/25(a)

     2,000       2,312,380  

Series A, (AGM), 5.00%, 05/01/33

     1,000       1,144,215  
   

 

 

  
      118,569,907  

Education — 29.8%

    

Grand Valley State University, RB,
5.00%, 12/01/43

     1,600       1,932,192  

Lake Superior State University, RB, (AGM),
5.00%, 01/15/48

     3,750       4,417,609  

Michigan Finance Authority, Refunding RB

    

4.00%, 02/01/29

     700       761,667  

5.00%, 02/01/33

     830       932,274  

4.00%, 12/01/33

     1,720       1,823,403  

5.00%, 12/01/36

     1,550       1,673,264  

5.00%, 09/01/40

     1,000       1,118,035  

5.00%, 12/01/40

     2,900       3,073,165  

5.00%, 12/01/45

     4,400       4,627,190  

4.00%, 09/01/46

     1,750       1,976,551  

Series 25-A, AMT, 4.00%, 11/01/29

     5,900       6,091,231  

Series 25-A, AMT, 4.00%, 11/01/30

     2,850       2,941,836  

Series 25-A, AMT, 4.00%, 11/01/31

     3,150       3,250,898  

Michigan State University, Refunding RB, Series A, 2.75%, 08/15/38

     10,000       10,772,680  

Michigan Technological University, RB, Series A, 5.00%, 10/01/45

     1,800       2,065,235  

Michigan Technological University,
Refunding RB

    

5.00%, 10/01/31

     1,080       1,426,340  

5.00%, 10/01/32

     1,250       1,645,699  

5.00%, 10/01/33

     1,325       1,728,180  

5.00%, 10/01/34

     1,400       1,814,782  

Oakland University, RB

    

5.00%, 03/01/32

     400       406,168  

5.00%, 03/01/41

     3,635       4,238,366  

Series A, 5.00%, 03/01/38

     5,490       5,813,707  

Series A, 5.00%, 03/01/43

     16,845       17,805,434  

University of Michigan, RB, Series A,
5.00%, 04/01/39

     3,425       3,777,635  

Wayne State University, RB, Series A, 5.00%, 11/15/40

     13,000       14,136,928  

Western Michigan University, RB, Series A, (AGM), 5.00%, 11/15/51

     5,000       6,176,125  

Western Michigan University, Refunding RB

    

(AGM), 5.00%, 11/15/23(a)

     1,750       1,916,738  

5.25%, 11/15/23(a)

     8,475       9,325,466  

(AGM), 5.25%, 11/15/23(a)

     1,000       1,100,350  

5.00%, 11/15/44

     5,650       6,938,844  

5.00%, 11/15/49

     8,680       10,657,417  
   

 

 

  
      136,365,409  

Health — 32.0%

    

Grand Traverse County Hospital Finance Authority, RB

    

Series A, 5.00%, 07/01/44

     4,230       4,681,692  

Series A, 5.00%, 07/01/47

     2,200       2,430,129  
 

 

 

1

  

Schedule of Investments  (unaudited) (continued)

October 31, 2021

   

BlackRock MuniYield Michigan Quality Fund, Inc. (MIY)

(Percentages shown are based on Net Assets)

 

Security  

Par

            (000)

                     Value  

Health (continued)

    

Grand Traverse County Hospital Finance Authority, RB (continued)

    

Series A, 5.00%, 07/01/49

   $ 2,610     $ 3,145,637  

Series B, 4.00%, 07/01/49

     2,000       2,244,946  

Grand Traverse County Hospital Finance Authority, Refunding RB

    

5.00%, 07/01/32

     2,135       2,804,959  

5.00%, 07/01/33

     1,125       1,465,558  

5.00%, 07/01/34

     1,180       1,529,469  

Kalamazoo Economic Development Corp., Refunding RB

    

5.00%, 05/15/32

     865       956,296  

5.00%, 05/15/42

     425       461,238  

Kentwood Economic Development Corp., RB, 4.00%, 11/15/45

     750       824,128  

Kentwood Economic Development Corp., Refunding RB, 5.00%, 11/15/41

     2,335       2,692,383  

Michigan Finance Authority, RB

    

5.00%, 11/15/36

     2,500       2,607,180  

Series S, 4.00%, 11/01/46

     1,025       1,116,157  

Michigan Finance Authority, Refunding RB

    

5.00%, 12/01/21(a)

     16,690       16,754,623  

5.00%, 06/01/24(a)

     1,500       1,678,445  

5.00%, 11/01/32

     4,000       4,183,116  

5.00%, 11/15/37

     3,000       3,567,231  

5.00%, 11/15/41

     1,000       1,169,173  

5.00%, 11/15/45

     3,750       4,151,993  

3.25%, 12/01/45

     19,735       23,065,736  

4.00%, 11/15/46

     8,500       9,308,078  

Series S, 5.00%, 05/15/32

     1,000       1,149,452  

Series S, 5.00%, 05/15/33

     2,000       2,296,632  

Series S, 5.00%, 05/15/34

     6,500       7,456,839  

Series S, 5.00%, 05/15/35

     4,945       5,667,934  

Michigan State Hospital Finance Authority, Refunding RB

    

Series A, 5.00%, 06/01/35

     2,250       2,310,287  

Series C, 4.00%, 06/01/22(a)

     5,300       5,416,717  

Michigan Strategic Fund, Refunding RB, 5.00%, 11/15/43

     1,220       1,391,699  

Royal Oak Hospital Finance Authority, Refunding RB, Series D, 5.00%, 09/01/39

     27,365       30,029,474  
   

 

 

  
      146,557,201  

Housing — 6.6%

    

Michigan State Housing Development Authority, RB, M/F Housing

    

Series A, 4.45%, 10/01/34

     1,000       1,042,065  

Series A, 4.63%, 10/01/39

     3,490       3,621,566  

Series A, 4.30%, 10/01/40

     3,320       3,540,644  

Series A, 4.00%, 10/01/43

     7,420       8,061,637  

Series A, 4.75%, 10/01/44

     5,000       5,162,345  

Series A, 2.45%, 10/01/46

     5,000       4,838,115  

AMT, (GNMA), 4.75%, 04/20/37

     2,850       2,853,086  

Michigan State Housing Development Authority, RB, S/F Housing, Series A, 4.00%, 12/01/44

     1,220       1,266,504  
   

 

 

  
      30,385,962  

State — 21.7%

    

Flint Economic Development Corp., RB, 5.25%, 10/01/41

     4,950       4,967,568  

Michigan Finance Authority, RB

    

Series F, 5.00%, 04/01/31

     1,000       1,003,516  

Series F, 5.25%, 10/01/41

     8,595       8,625,504  

Michigan State Building Authority, Refunding RB
Series I, 5.00%, 04/15/41

     4,750       5,555,191  
Security  

Par

            (000)

                     Value  

State (continued)

    

Michigan State Building Authority, Refunding RB (continued)

    

Series I, 4.00%, 10/15/46

   $ 6,250     $ 7,314,725  

Michigan Strategic Fund, RB

    

Series A, 5.25%, 10/15/40

     3,000       3,476,271  

AMT, (AGM), 4.25%, 12/31/38

     14,000       16,389,562  

AMT, 5.00%, 12/31/43

     15,000       17,740,260  

Michigan Strategic Fund, Refunding RB, 5.25%, 10/15/31

     7,000       7,026,299  

State of Michigan Trunk Line Revenue, RB

    

4.00%, 11/15/44

     1,910       2,249,814  

4.00%, 11/15/46

     11,000       12,861,706  

Series B, 4.00%, 11/15/45

     8,000       9,280,976  

State of Michigan, COP, (AMBAC), 0.00%, 06/01/22(c)(d)

     3,000       2,995,707  
   

 

 

  
      99,487,099  

Tobacco — 1.7%

    

Michigan Finance Authority, Refunding RB, Series A, Class 1, 4.00%, 06/01/40

     1,250       1,466,892  

Michigan Finance Authority, Refunding RB, CAB, Series B-2, Class 2, 0.00%, 06/01/65(d)

     50,000       6,343,450  
   

 

 

  
      7,810,342  

Transportation — 6.6%

    

Wayne County Airport Authority, ARB

    

Series A, 5.00%, 12/01/42

     1,000       1,207,008  

Series A, 5.00%, 12/01/46

     2,000       2,510,198  

Series D, 5.00%, 12/01/35

     3,850       4,480,919  

Series D, 5.00%, 12/01/45

     7,500       8,608,695  

Series B, AMT, 5.00%, 12/01/42

     1,000       1,191,633  

Series B, AMT, 5.00%, 12/01/47

     1,250       1,480,976  

Series C, AMT, 5.00%, 12/01/39

     1,475       1,653,236  

Wayne County Airport Authority, Refunding ARB, Series F, AMT, 5.00%, 12/01/34

     8,000       9,269,584  
   

 

 

  
      30,402,249  

Utilities — 8.4%

    

City of Detroit Michigan Sewage Disposal System Revenue, Refunding RB, Series A, Senior Lien, 5.25%, 07/01/22(a)

     2,655       2,743,786  

City of Detroit Michigan Water Supply System Revenue, RB, Series A, Senior Lien, (NATL), 5.00%, 07/01/34

     10       10,035  

City of Grand Rapids Michigan Sanitary Sewer System Revenue, Refunding RB, Series A, (NATL), 5.50%, 01/01/22

     280       282,402  

City of Port Huron Michigan Water Supply System Revenue, RB

    

5.25%, 10/01/31

     500       501,831  

5.63%, 10/01/40

     1,500       1,505,737  

Downriver Utility Wastewater Authority, Refunding RB, (AGM), 5.00%, 04/01/43

     1,000       1,185,034  

Great Lakes Water Authority Water Supply System Revenue, RB, Series B, 2nd Lien, 5.00%, 07/01/46

     10,000       11,532,030  

Karegnondi Water Authority, Refunding RB

    

5.00%, 11/01/41

     2,750       3,268,358  

5.00%, 11/01/45

     3,000       3,565,503  

Michigan Finance Authority, Refunding RB

    

Series D-1, 5.00%, 07/01/34

     2,000       2,298,174  

Series D-1, 5.00%, 07/01/35

     750       861,090  

Series C-3, Senior Lien, (AGM), 5.00%, 07/01/31

     1,000       1,112,724  

Series C-3, Senior Lien, (AGM), 5.00%, 07/01/32

     5,250       5,837,659  
 

 

 

S C H E D U L  E   O F   I N V E S T M E  N T S

   2

Schedule of Investments  (unaudited) (continued)

October 31, 2021

   

BlackRock MuniYield Michigan Quality Fund, Inc. (MIY)

(Percentages shown are based on Net Assets)

 

Security  

Par

            (000)

                     Value  

Utilities (continued)

    

Michigan Finance Authority, Refunding RB (continued) Series C-3, Senior Lien, (AGM), 5.00%, 07/01/33

   $ 3,000     $ 3,333,126  

Michigan Strategic Fund, RB, AMT, 4.00%, 10/01/61(e)

     445       494,376  
   

 

 

  
      38,531,865  
   

 

 

  

Total Municipal Bonds in Michigan

       623,406,287  

Puerto Rico — 4.6%

    

State — 4.6%

    

Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, RB

    

Series A-1, Restructured, 4.75%, 07/01/53

     534       593,966  

Series A-1, Restructured, 5.00%, 07/01/58

     825       931,392  

Series A-2, Restructured, 4.33%, 07/01/40

     1,109       1,216,129  

Series A-2, Restructured, 4.78%, 07/01/58

     103       114,764  

Series B-1, Restructured, 4.75%, 07/01/53

     616       682,889  

Series B-1, Restructured, 5.00%, 07/01/58

     7,451       8,392,553  

Series B-2, Restructured, 4.33%, 07/01/40

     5,880       6,458,845  

Series B-2, Restructured, 4.78%, 07/01/58

     597       664,679  

Puerto Rico Sales Tax Financing Corp.
Sales Tax Revenue, RB, CAB, Series A-1,
Restructured, 0.00%, 07/01/46(d)

     6,295       2,050,294  
   

 

 

  

Total Municipal Bonds in Puerto Rico

 

     21,105,511  
 

 

 

  

Total Municipal Bonds — 140.6%
(Cost: $604,212,067)

 

     644,511,798  
   

 

 

  

Municipal Bonds Transferred to Tender Option Bond Trusts(f)

 

Michigan — 17.3%

    

Education — 13.3%

    

Eastern Michigan University, RB, Series A, 4.00%, 03/01/44

     10,000       11,308,014  

Michigan Finance Authority, RB, Series A, 5.00%, 11/01/44

     10,002       11,490,220  

Michigan Finance Authority, Refunding RB, AMT, Series 25-A, 4.00%, 11/01/28

     8,750       9,035,089  

Michigan State University, Refunding RB, Series B, 5.00%, 02/15/44(g)

     5,750       7,111,329  

University of Michigan, Refunding RB, 5.00%, 04/01/46

     10,000       11,683,788  

Wayne State University, RB, Series A, 5.00%, 11/15/43(g) .

     8,530       10,505,268  
   

 

 

  
      61,133,708  

State — 1.3%

    

Michigan State Building Authority, Refunding RB, Series I, 5.00%, 10/15/45

     5,150       5,908,026  
   

 

 

  
Security  

Par

            (000)

                     Value  

Utilities — 2.7%

    

Lansing Board of Water & Light, Refunding RB, Series A, 5.00%, 07/01/44

   $ 10,000     $ 12,372,915  
   

 

 

  

Total Municipal Bonds in Michigan

       79,414,649  
   

 

 

  

Total Municipal Bonds Transferred to Tender Option Bond Trusts — 17.3%

    (Cost: $72,955,180)

 

 

     79,414,649  
   

 

 

  

Total Long-Term Investments — 157.9%
(Cost: $677,167,247)

 

             723,926,447  
   

 

 

  
     Shares         

Short-Term Securities

 

  

Money Market Funds — 0.2%

    

BlackRock Liquidity Funds, MuniCash, Institutional Class, 0.01%(h)(i)

     816,006       816,087  
   

 

 

  

Total Short-Term Securities — 0.2%
(Cost: $816,087)

 

     816,087  
   

 

 

  

Total Investments — 158.1%
(Cost: $677,983,334)

 

     724,742,534  

Other Assets Less Liabilities — 1.4%

 

     6,556,884  

Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable — (9.0)%

 

     (41,277,563 ) 

VRDP Shares at Liquidation Value, Net of Deferred Offering Costs — (50.5)%.

 

     (231,509,318 ) 
   

 

 

  

Net Assets Applicable to Common Shares — 100.0%

 

   $ 458,512,537  
   

 

 

  

 

(a) 

U.S. Government securities held in escrow, are used to pay interest on this security as well as to retire the bond in full at the date indicated, typically at a premium to par.

(b) 

When-issued security.

(c) 

Security is collateralized by municipal bonds or U.S. Treasury obligations.

(d) 

Zero-coupon bond.

(e) 

Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available.

(f) 

Represent bonds transferred to a TOB Trust in exchange of cash and residual certificates received by the Fund. These bonds serve as collateral in a secured borrowing.

(g) 

All or a portion of the security is subject to a recourse agreement. The aggregate maximum potential amount the Fund could ultimately be required to pay under the agreements, which expire between November 15, 2026 to February 15, 2027, is $9,881,914.

(h) 

Affiliate of the Fund.

(i) 

Annualized 7-day yield as of period end.

 

 

For Fund compliance purposes, the Fund’s sector classifications refer to one or more of the sector sub-classifications used by one or more widely recognized market indexes or rating group indexes, and/or as defined by the investment adviser. These definitions may not apply for purposes of this report, which may combine such sector sub-classifications for reporting ease.

 

 

3

  

Schedule of Investments  (unaudited) (continued)

October 31, 2021

   

BlackRock MuniYield Michigan Quality Fund, Inc. (MIY)

 

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the period ended October 31, 2021 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliated Issuer   Value at
07/31/21		      Purchases
at Cost		      Proceeds
from Sales		     Net
Realized
Gain (Loss)		      Change in
Unrealized
Appreciation
(Depreciation)		     Value at
10/31/21		      Shares
Held at
10/31/21		      Income      Capital Gain
Distributions
from
Underlying
Funds		  

BlackRock Liquidity Funds, MuniCash, Institutional Class

   $ 2,854,776      $ —      $ (2,038,396 )(a)    $ 676      $ (969 )    $ 816,087        816,006      $ 24      $ —  
         

 

 

     

 

 

    

 

 

        

 

 

     

 

 

  

 

  (a) 

Represents net amount purchased (sold).

Fair Value Hierarchy as of Period End

Various inputs are used in determining the fair value of financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

 

  •  

Level 1 – Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Fund has the ability to access;

 

  •  

Level 2 – Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market–corroborated inputs); and

 

  •  

Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the BlackRock Global Valuation Methodologies Committee’s (the “Global Valuation Committee’s”) assumptions used in determining the fair value of financial instruments).

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Global Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of financial instruments, refer to its most recent financial statements.

The following table summarizes the Fund’s financial instruments categorized in the fair value hierarchy. The breakdown of the Fund’s financial instruments into major categories is disclosed in the Schedule of Investments above.

 

            Level 1      Level 2     Level 3      Total        
 

Assets

            
 

Investments

            
 

Long-Term Investments

            
 

Municipal Bonds

   $ —      $ 644,511,798     $ —      $ 644,511,798    
 

Municipal Bonds Transferred to Tender Option Bond Trusts

     —        79,414,649       —        79,414,649    
 

Short-Term Securities

            
 

Money Market Funds

     816,087        —       —        816,087    
   

 

 

     

 

 

    

 

 

     

 

 

    
    $       816,087      $ 723,926,447     $             —      $ 724,742,534    
   

 

 

     

 

 

    

 

 

     

 

 

    

 

The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial reporting purposes. As of period end, such assets and/or liabilities are categorized within the fair value hierarchy as follows:

 

 

        Level 1        Level 2       Level 3        Total    
 

Liabilities

            
 

TOB Trust Certificates

   $ —      $ (41,267,055 )    $ —      $ (41,267,055 )   
 

VRDP Shares at Liquidation Value

     —        (231,900,000 )      —        (231,900,000 )   
   

 

 

     

 

 

    

 

 

     

 

 

    
    $ —      $ (273,167,055 )    $ —      $ (273,167,055 )   
   

 

 

     

 

 

    

 

 

     

 

 

    

 

 

S C H E D U L  E   O F   I N V E S T M E  N T S

   4

Schedule of Investments  (unaudited) (continued)

October 31, 2021

   

BlackRock MuniYield Michigan Quality Fund, Inc. (MIY)

 

Portfolio Abbreviation

AGM

  

Assured Guaranty Municipal Corp.

AMBAC

  

AMBAC Assurance Corp.

AMT

  

Alternative Minimum Tax

ARB

  

Airport Revenue Bonds

CAB

  

Capital Appreciation Bonds

COP

  

Certificates of Participation

GNMA

  

Government National Mortgage Association

GO

  

General Obligation Bonds

M/F

  

Multi-Family

NPFGC

  

National Public Finance Guarantee Corp.

Q-SBLF

  

Qualified School Bond Loan Fund

RB

  

Revenue Bond

S/F

  

Single-Family

 

 

5